Bank of America Corp reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed securities. The bank will pay out $9.65 billion in cash and $7 billion for consumer relief, including modif...

After its meeting on Monday 18th August Czech government announced that it has agreed with its partners prom business and trade union on the need on introducing so called “kurzarbeit” as a mean on dealing with the impact of sanctions applied on Russia and reciprocally on EU countries. Government ann...

On 15 August, foreign ministers of the EU28 met in Brussels at an extraordinary session of the Foreign Affairs Council. The meeting on ministerial level followed the special meeting of the Political and Security Committee of the Council earlier last week. The main issue debated was the situation in ...

Ukraine's parliament adopted law enabling more than 20 sanctions to be applied against Russia, including a halt to energy transit through the country.  The sanction options include blocking and freezing assets, a ban on business activity in Ukraine, barring participation in privatizations, halting t...